Worst House on the Street Logo
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 1
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 2
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 3
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 4
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 5
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 6
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 7
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 8
Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster - Image 9

Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster

North West

£125,000

Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
990 sqft

Description

This mid-terrace property located in the vibrant city centre of Lancaster represents a promising investment opportunity for those looking to undertake a complete renovation. The building's traditional stone façade and spacious layout are characteristic of period homes in the area, providing a solid foundation for future enhancements. Currently, it requires comprehensive refurbishing, with significant updates needed across all areas, including the installation of new heating and hot water systems and the replacement of broken windows. The internal layout features a square-fronted lounge, a separate dining room leading to a compact kitchen, and three bedrooms arranged conveniently around the landing. Additionally, the basement offers potential as extra living space or storage once it is brought up to standard. Externally, the rear yard necessitates full clearance and restoration. This property is ideally suited for cash buyers prepared to manage extensive renovations aimed at tapping into Lancaster's thriving rental market or transforming it into a desirable city home post-renovation.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -45.0% below area average per sq ft

-45.0%
Potential saving
This Property
£126/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£217
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £80,000
Target Value
£250,089
10% above area average per sq ft
Potential ROI
+22.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LA1)

Area prices are falling by -3.4% over the last 12 months
3 year growth: +0.9%
5 year growth: +14.0%
Investment Disclaimer: Analysis based on LA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Thurnham Street, Lancaster | A Full Renovation Opportunity in the Heart of Lancaster
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£472
Based on a loan of £93,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development